951EconomicsMedium
A profit-maximizing firm will hire labour until ________ equals the ________?
Amarginal cost of labor, marginal revenue product
Blabor output ratio, capital output ratio
Cmarginal revenue, marginal cost
Dlong run marginal revenue, long run marginal cost
Correct answer
A. marginal cost of labor, marginal revenue product
Explanation
The correct answer is marginal cost of labor, marginal revenue product.